Citizens Financial Services, Inc. · NASDAQ:CZFS
Citizens Financial Services — Shareholder Meeting (April 2018)
36 slides from Citizens Financial Services's shareholder meeting presentation, Apr 19, 2018
Slide 1: Citizens Financial Services, Inc. Annual Meeting 2018
Citizens Financial Services, Inc. Annual Meeting2018
Slide 2: Why Increase Shares
Why Increase Shares Benefits to increasing authorized shares:
Slide 3: Why Increase Shares: Flexibility to award shares
Why Increase Shares Benefits to increasing authorized shares:Flexibility to award shares
Slide 4: Why Increase Shares: Flexibility to raise capital
Why Increase Shares Benefits to increasing authorized shares:Flexibility to award sharesFlexibility to raise capital
Slide 5: Why Increase Shares: Flexibility for dividends
Why Increase Shares Benefits to increasing authorized shares:Flexibility to award sharesFlexibility to raise capitalFlexibility for cash and stock dividends
Slide 6: Why Increase Shares: Possible acquisitions
Why Increase Shares Benefits to increasing authorized shares:Flexibility to award sharesFlexibility to raise capitalFlexibility for cash and stock dividendsPossible acquisition opportunities
Slide 7: Why Increase Shares: Discourage takeover
Why Increase Shares Benefits to increasing authorized shares:Flexibility to award sharesFlexibility to raise capitalFlexibility for cash and stock dividendsPossible acquisition opportunitiesDiscourage persons seeking to take control
Slide 8: Why Increase Shares: No change to shares outstanding
Why Increase Shares Benefits to increasing authorized shares:Flexibility to award sharesFlexibility to raise capitalFlexibility for cash and stock dividendsPossible acquisition opportunitiesDiscourage persons seeking to take controlWill not change number of shares outstanding
Slide 9: Why Increase Shares: No specific plans
Why Increase Shares Benefits to increasing authorized shares:Flexibility to award sharesFlexibility to raise capitalFlexibility for cash and stock dividendsPossible acquisition opportunitiesDiscourage persons seeking to take controlWill not change number of shares outstandingNo specific plans for th
Slide 10: 2017 Initiatives: Narvon facility
2017 Initiatives Opened our 2nd Lancaster County facility Narvon facility
Slide 11: 2017 Initiatives: Centre County branch
2017 Initiatives Opened our 2nd Lancaster County facilityPurchased and integrated a branch in Centre County Dave Richards
Slide 12: 2017 Initiatives: Cash management division
2017 Initiatives Opened our 2nd Lancaster County facilityPurchased and integrated a branch in Centre CountyEstablished a cash management division
Slide 13: 2017 Initiatives: Tax Cuts and Jobs Act
2017 Initiatives Opened our 2nd Lancaster County facilityPurchased and integrated a branch in Centre CountyEstablished a cash management divisionImplications of the new Tax Cuts and Jobs Act
Slide 14: 2017 Tactical Projects: TEAM Ag
2017 Tactical Projects TEAM Ag12/31/2017 ag portfolio of $286 millionRanked as one of the top 100 farm lenders by dollar volume in the nationBecame a business partner with the Pennsylvania Farm BureauLaunched our Ag Banking website
Slide 15: 2017 Tactical Projects: Credit card conversion
2017 Tactical Projects TEAM AgCredit card portfolio conversion
Slide 16: 2017 Tactical Projects: Next Generation Development TEAM
2017 Tactical Projects TEAM AgCredit card portfolio conversionEstablished a Next Generation Development TEAM
Slide 17: 2017 Tactical Projects: Recruited TEAM members
2017 Tactical Projects TEAM AgCredit card portfolio conversionEstablished a Next Generation Development TEAMRecruited additional TEAM members Jami John Doug
Slide 18: 2017 Tactical Projects: State College branch
2017 Tactical Projects TEAM AgCredit card portfolio conversionEstablished a Next Generation Development TEAMRecruited additional TEAM membersAcquired a branch in State College
Slide 19: Management Team
Management Team Terry Osborne – EVP, Chief Credit OfficerMick Jones – EVP, Chief Financial Officer/ Chief Operating OfficerDave Richards – EVPJeff Carr – SVP, Chief Retail Banking OfficerBob Mosso – SVP, Wealth Management Division Manager
Slide 20: Management Team
Management Team Kathleen Campbell – SVP, Marketing ManagerChris Landis – SVP, Senior Lending OfficerGreg Anna – SVP, Information Systems ManagerDoug Byers – SVP, Southcentral Regional ExecutiveDwight Rohrer – SVP, Senior LenderSean McKinney – VP, Ag Lender and TEAM Leader
Slide 21: Management Team
Management Team Blaine Fessler – VP, Ag Lender and TEAM LeaderJim Rovito – VP, CRA/Fair Lending OfficerJason Landis – VP, Ag LenderGina Boor – Executive/Shareholder ServicesJeff Wilson – EVP, Chief Lending OfficerCindy Pazzaglia – SVP, Human Resources Manager
Slide 22: Retirements 2018
Retirements 2018 Employee RetirementsCindy Estep – 35 yearsRobin Grabb – 38 yearsDebbie Johnson – 21 yearsDebi Castle – 18 yearsKathy Telep – 2 yearsDora Walter – 2 yearsCindy Pazzaglia – 35 yearsAllan Reed – 37 yearsMarsha Wills – 18 years
Slide 23: TEAM Member Jamie Frees
TEAM Member Jamie FreesHired April 24, 2017 as a Vice President, Business Development Officer6/28/1971 – 2/1/2018
Slide 24: Unity Back in Community
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Slide 25: Unity Back in Community
Unity Back in Community fi recs AA Tees Ris ko oh) NH ees 4) Wh ey bad i AL) “elds 3)
Slide 26: 2017 Financial Performance
Es TEAM FCCB 2017 Financial Performance
Slide 27: Efficiency Ratio History - FCCB
Efficiency Ratio History-FCCB Finished in the 79th percentile for 2017 compared to the UBPR peer groupFinished in the 100th percentile compared to the CZFS peer group
Slide 28: Return on Equity History
Return on Equity History Finished in the 75th percentile for 2017 compared to the UBPR peer groupFinished in the 100th percentile compared to the CZFS peer group
Slide 29: Return on Assets History
Return on Assets History Finished in the 69th percentile for 2017 compared to the UBPR peer groupFinished in the 93rd percentile compared to the CZFS peer group
Slide 30: Cash Dividends Paid History
Cash Dividends Paid History 1% stock dividend paid in 2014 & 2016, and a 5% stock dividend paid in 2013 & 2017
Slide 31: Industry Recognition
Industry Recognition For the 10th consecutive year, CZFS has been named as one of the top 200 community banks.
Slide 32: Industry Recognition
Industry Recognition For the 10th consecutive year, CZFS has been named as one of the top 200 community banks.First Citizens named on the top 100 Ag Lenders list.
Slide 33: Industry Recognition
Industry Recognition For the 10th consecutive year, CZFS has been named as one of the top 200 community banks.First Citizens named on the top 100 Ag Lenders list.For the 6th consecutive year, FCCB has earned a 5-star rating.
Slide 34: Industry Recognition
Industry Recognition For the 10th consecutive year, CZFS has been named as one of the top 200 community banks.First Citizens named on the top 100 Ag Lenders list.For the 6th consecutive year, FCCB has earned a 5-star rating.Ranked #1 in small business & ag lending.
Slide 35: Strategic Tenets
35 4 Strategic Tenets Community – actively supporting the well-being of communities Customer Expectations – exceeding them at every point of contact Financial Performance – to produce exceptional shareholder value Growth – achieved throughrelationship and geographic expansion
Slide 36: Thank you
Thank you TEAM FCCB
Citizens Financial Services — Shareholder Meeting (April 2018) on 6ix